Sysco Stock Price, News & Analysis

Sysco (NYSE:SYY), the world's largest food distributor, has donated 2,500 turkeys and $10,000 to City Harvest, New York's first and largest food rescue organization. The donation is part of Sysco's Nourishing Neighbors® program, which allocates a portion of proceeds from Sysco branded case sales to local charitable organizations. Sysco Metro New York employees are volunteering at the Child Development Support in Brooklyn to distribute turkeys. The initiative comes as food assistance needs in New York City have increased 82% compared to pre-pandemic levels, with about 50% of working-age households struggling financially.

Sysco (NYSE:SYY) has made significant charitable contributions to Three Square Food Bank in Las Vegas. The company donated 2,500 turkeys and presented a $10,000 check through its Nourishing Neighbors® program. As part of Sysco's Purpose Month, employees volunteered to pack 250 shelf-stable packages, 250 produce bags, and 1,200 Meals on Wheels senior bags. In Fiscal 2024, Sysco Las Vegas has already contributed nearly 33,000 meals to Three Square Food Bank, supporting their mission to address food insecurity affecting one in seven Southern Nevadans.

Sysco (NYSE:SYY), the world's largest food distributor, donated 2,500 turkeys and presented a $10,000 check to the Houston Food Bank to support local communities during the holiday season. The donation is part of Sysco's annual Purpose Month, during which company employees will volunteer to distribute turkeys through food bank partners. In Fiscal Year 2024, Sysco Houston has already contributed over 300,000 pounds of food to the Houston Food Bank, providing approximately 256,000 meals.

Sysco (NYSE:SYY) announced it will webcast its presentation at the 2024 Morgan Stanley Global Consumer & Retail Conference on Tuesday, December 3, at 8:00 a.m. ET. The live webcast can be accessed at investors.sysco.com, with an archived replay available shortly after the event. Sysco utilizes its investor relations website as the primary channel for key disclosures, which may include material, non-public information.

Sysco is a global leader in food product distribution to restaurants, healthcare facilities, and other meal-preparing establishments. Operating 340 distribution facilities worldwide, Sysco serves approximately 730,000 customer locations and generated over $78 billion in sales for fiscal year 2024. For more information, visit sysco.com.

Sysco (NYSE:SYY), the world's largest food distributor, has partnered with the MICHELIN Guide as the official wholesale food distribution partner for the MICHELIN Guide Texas ceremony. The collaboration showcases Sysco's premium products and culinary expertise at this prestigious event. Victoria Gutierrez, Sysco's Chief Merchandising Officer, will present the MICHELIN Guide Young Chef Award at the ceremony on November 11. The partnership highlights Sysco's commitment to supporting culinary excellence through its distribution services, own-label products, and culinary consultations.

Sysco (NYSE: SYY) reported its Q1 FY2025 results with sales increasing 4.4% to $20.5 billion. The company saw a 2.9% increase in gross profit to $3.8 billion, though gross margin decreased 27 basis points to 18.3%. U.S. Foodservice volume grew 2.7%, while operating income increased 0.5% to $808 million. Earnings per share remained flat at $0.99, with adjusted EPS rising 1.9% to $1.09.

The company reiterated its FY25 guidance, projecting sales growth of 4-5% and adjusted EPS growth of 6-7%. International operations showed strong performance with an 8.6% increase in operating income. Sysco plans to return approximately $2 billion to shareholders for the fiscal year.

SYGMA Kansas City announced that warehouse colleagues represented by the International Brotherhood of Teamsters Local 955 have ratified a new collective bargaining agreement, ending a strike that lasted only 24 hours. The company emphasized its commitment to resolving issues through negotiations to avoid disruptions.

Jon Ratnasamy, president of SYGMA, stated that they had initially offered substantial wage increases and additional benefits requested by colleagues. The company expressed appreciation for their workers' efforts and reaffirmed its dedication to providing competitive wages and benefits.

With the agreement ratified, employees have returned to work and will immediately benefit from the market-leading wages offered by SYGMA. The company views this resolution as a balance between business needs and employee interests.

Sysco (NYSE:SYY), the world's largest food distributor, has launched 19 innovative, labor-saving products exclusively for its customers through the Cutting Edge Solutions platform. The Fall 2024 lineup includes globally inspired appetizers, labor-saving options, versatile sauces, and on-trend desserts.

Key offerings include:

• Sweet Thai Chili Chicken Bites, Chicken Al Pastor Blue Corn Empanadas, and Chile Relleno Spring Rolls
• Portico Classic Homestyle Breaded Mega Shrimp U10
• Imperial Hot Pepper Peach Sauce
• Classic Cinnamon Cereal Milk Cake

Sysco Canada celebrated the opening of its Legacy Space in Toronto through a 5-year partnership with The Gord Downie & Chanie Wenjack Fund. The space features a hand-painted mural by Hannah Sage LaForme of the Mississaugas of the Credit First Nation and a library nook for reconciliation education.

The celebration included a ceremony led by Elder Garry Sault, remarks from Kayleigh O'Connor of The DWF, and Tim Cameron, President of Sysco Ontario, who emphasized Sysco's commitment to reconciliation. Refreshments from Indigenous-owned businesses were served.

The event highlighted Sysco's dedication to fostering partnerships with Indigenous communities. CTV Toronto featured the Legacy Space on September 28, in honor of the National Day for Truth and Reconciliation.